What was the total revenue, net, for Bft for the year ended December 31, 2024?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
136 | — | | Deferred costs, current portion | 3,906 | 4,065 | | Total current assets | 18,509 | 12,073 | | Property and equipment, net | 7,898 | 11,102 | | Intangible assets, net | 86,485 | 88,881 | | Deferred costs, net of current portion | 36,935 | 45,350 | | Other assets | 563 | — | | Total assets | $ 150,390 | $ 157,406 | | Liabilities and Member's equity | | | | Current Liabilities: | | | | Accrued expenses | $ 877 | 722 | | Deferred revenue, current portion | 14,307 | 9,918 | | Total current liabilities | 15,184 | 10,640 | | | | | | Deferred revenue, net of current portion | 96,065 | 111,320 | | Total liabilities | 111,249 | 121,960 | | Commitments and contingencies (Note 9) | | | | Member's equity: | | | | Member contribution | 48,542 | 51,612 | | Advances to Member, net (Note 7) | (155,034) | (11,690) | | Retained earnings (accumulated deficit) | 145,633 | (4,476) | | Total member's equity | 39,141 | 35,446 | | Total liabilities and member's equity | $ 150,390 | $ 157,406 |
XPOF ASSETCO, LLC CONSOLIDATED STATEMENTS OF OPERATIONS (amounts in thousands)
| Year Ended December 31, 2024 | For the period March 6, 2023 (date of inception) to December 31, 2023 | |
|---|---|---|
| Revenue, net: | ||
| Franchise revenue | $ 160,877 | $ 521 |
| Franchise marketing fund revenue | 31,888 |
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the total revenue, net, for the year ended December 31, 2024, was $204,554. This revenue is comprised of franchise revenue ($160,877), franchise marketing fund revenue ($31,888), and other service revenue ($11,789).
For a prospective franchisee, understanding the components of Bft's revenue is crucial. It shows how the company generates income, which can be indicative of its financial stability and business model. The mix of franchise revenue, marketing fund revenue, and other service revenue suggests diversified income streams.
It's also useful to compare this to the period from March 6, 2023 (date of inception) to December 31, 2023, where the total revenue, net, was only $521, consisting solely of franchise revenue. The significant increase in revenue from 2023 to 2024 indicates substantial growth in Bft's operations. However, prospective franchisees should investigate the reasons behind this growth and assess whether it is sustainable.
Furthermore, it is important to note that Bft also incurs operating costs and expenses. For the year ended December 31, 2024, these totaled $54,445, resulting in an operating income of $150,109. Understanding both the revenue and expenses provides a more complete picture of Bft's financial performance.